President Trump Buys 2 AI Stocks That Wall Street Says Are Undervalued
President Trump's brokerage accounts have bought substantial shares of Alphabet and Meta Platforms stock this year.
Overview
President Trump's investment accounts made over 6,200 stock trades year to date through May, according to financial disclosures filed with U.S. Office of Government Ethics. Those accounts are managed by third-party advisors, meaning Trump was not responsible for any decision, but it's still interesting to explore where his money is invested.
This year, Trump bought shares of Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), with net purchases totaling $1.7 million to $3.6 million through May. He also increased his stake in Meta Platforms (NASDAQ: META), with net purchases totaling $845,000 to $4.8 million over the same period.
Details
Alphabet and Meta Platforms sit at the center of the artificial intelligence infrastructure build-out, and most Wall Street analysts believe the stocks are undervalued. Here are the important details.
Source
Originally published at www.fool.com.